Resources for Businesses - GRANTS, LOANS, AND FINANCING

Resources for Businesses - GRANTS, LOANS, AND FINANCING

PROGRAM

DETAILS

Eligibility

PROVIDER

Business Physical Disaster Loan

Up to $2 million in loans to repair or replace property, inventory, supplies, and equipment, or to relocate. The interest rate for most businesses of all sizes is 3.74 percent and private nonprofit organizations is 2.75 percent Terms can be up to 30 years.

Economic Injury Up to $2 million in low-interest loans to help small businesses Disaster Loan and most private nonprofits meet their obligations and pay

their necessary operating expenses until normal operations resume after a disaster. Terms can be up to 30 years.

These businesses and private nonprofits need not have suffered physical damage to qualify.

Small Business Financing

3CORE is a non-profit organization that works with small businesses located in Butte, Glenn and Tehama Counties. 3CORE assists small businesses located in these counties with the financial capital needed to start and grow a business. 3CORE works alongside our financial partners to provide the capital needed to re-start small businesses impacted by the affected by wildfires.

Emergency Farm Loans

USDA provides loans to help producers who suffer qualifying farm related losses directly caused by the disaster in a county declared or designated as a primary disaster or quarantine area. Farmers located in a county contiguous to the declared, designated, or quarantined area may also qualify for emergency loans.

Any business or nonprofit impacted from the wildfires.

Any business or nonprofit which incurred damage from the wild- fires.

Any small business.

Owner or operator of a family farm.

Small Business Administration disasterloan. disastercustomerservice@ 800-659-2955 / TTY 800-877-8339 Small Business Administration disasterloan. disastercustomerservice@ 800-659-2955 / TTY 800-8778339

3CORE 530-893-8732

USDA Farm Service Agency fsa.programs-andservices/farm-loanprograms/emergency-farm-loans 530-534-0112

Resources for Businesses ? TAXES AND PROPERTY REASSESSMENT

PROGRAM

DETAILS

ELIGIBILITY

PROVIDER

Tax Extension and Assistance

Businesses may have an extension on submitting state payroll reports and payroll deposits, up to 60 days after a delinquent payment. Businesses may also have an extension on submitting federal tax filings. Businesses can visit the Local Assistance Center for tax filing assistance, including replacing lost tax documents and receiving help completing forms. See IRS Publication 547 for more information.

All businesses affected California Tax Franchise Board

by the wildfires.

ftb.individuals/disaster.shtml

916-845-7057

State Disaster Loss Tax Deduction

State tax deduction equal to the change in market value of the property minus the value of insurance payouts. If a business owner has no insurance, they can still claim a disaster loss. Business owners can apply the loss to the current tax year, or to the previous tax year to generate a quick tax refund. Individuals can visit the Local Assistance Center or read Franchise Tax Board Publication 1034 for more information.

Any resident or business owner whose property is lost or damaged from the wildfires.

California Franchise Tax Board ftb.individuals/disaster.shtml 916-845-7057

EDD Payroll Taxes

Employers directly affected by a disaster may request up to a 60-day extension of time to file their state payroll reports and/or deposit state payroll taxes without penalty or interest. State payroll taxes include Unemployment Insurance (UI). Employment Training Tax (ETT), State Disability Insurance (SDI), and California Personal Income Tax (PIT).

All businesses affected by the wildfires that file payroll taxes.

Employment Development Department edd.About_EDD/Disaster_ Related_Services.htm

Reconstructing Payroll Records

If an employer's payroll records were lost or destroyed due to a disaster, it will be necessary to reconstruct the records in order to file any quarterly and/or any year-end payroll tax reports due and not yet submitted. EDD can provide employers with copies of previously filed reports which may serve as a basis for their estimates.

All businesses affected by wildfires.

Employment Development Department ? Taxpayer Assistance Center 888-745-3886

Butte County Property Reassessment

Properties damaged or lost by the wildfires can be reassessed at a lower property tax value. Visit the County Assessor's Office for more information.

Any resident or business owner whose property suffered more than $10,000 in value loss.

Butte County Assessor's Office assessorsoffice@ 530-552-3800

Qualified Contaminated Property Reassessment

A resident or business owner can transfer the base year value of a property to a new, replacement property if the old property is unfit to live in (residential) or to use (nonresidential).

Property is designated as toxic or an environmental hazard (chemicals, petroleum, hazardous materials, etc. released by the fire).

Butte County Assessor's Office assessorsoffice@ 530-552-3800

CA Board of Equalization

If your property has been damaged, you may be eligible for property tax relief. In many cases, the damaged property can be reappraised in its current condition, with some taxes refunded to the property owner.

This property tax relief is available to owners of real property, business equipment and fixtures, orchards or other agricultural groves, and to owners of aircraft, boats, and certain manufactured homes ? not available to property that is not accessible, such as state licensed manufactured homes or household furnishings.

boe. 1-800-400-7115

Resources for Businesses - WORKFORCE AND MISCELLANEOUS SERVICES

PROGRAM

DETAILS

ELIGIBILITY

PROVIDER

Disaster Unemployment Insurance

Those in a disaster area are eligible for Disaster Unemployment Assistance, which can cover those who cannot work because their workplace is damaged or destroyed, is unreachable due to an evacuation order, or they cannot work due to a disasterrelated injury. Refer to the EDD Fact Sheet Disaster Employment Assistance for more details.

Individuals who become unemployed as a result of the wildfires.

California Employment Development Dept. edd.unemployment/Disaster_ Unemployment_Assistance.htm 800-300-5616

Workforce Services

Temporary Coworking Sites

Small Business Development Center ? Butte College

Service Corp of Retired Executives (SCORE)

Alliance for Workforce Development (AFWD) is a non-profit organization providing Job Fairs and Rapid Response assistance for businesses seeking employees or for workers seeking new jobs due to the wildfires. AFWD also provides business services including job postings, recruitment of qualified applicants, compliance with labor law requirements, management, and training of existing workforce.

Coworking sites around the county can be used by business owners and employees to continue business operations remotely until it is safe and possible to return to a business property. Some sites have access to business, computer, meeting, and printing resources. Many coworking sites are providing discounts for those affected by the wildfires. Sites are open in Chico and Orland. Other locations may be available.

Butte College Small Business Development Center (SBDC) offers one stop technical assistance through one-on-one business consulting, entrepreneur trainings, referrals and a wide variety of information and guidance to small business owners and potential entrepreneurs throughout Butte, Glenn and Tehama counties to help start, develop, manage and grow their businesses and get access to capital.

SCORE is a nonprofit organization association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship. Services are delivered individually or virtually.

All businesses and employees.

All businesses and employees

All small businesses.

All small businesses

Alliance for Workforce Development butterecovers@ Chico Office: 530-961-5125 Oroville Office: 530-538-7301

ChicoStart 530-924-5100

Glenn Grows 530-934-1458

Butte College Small Business Development Center 530-895-9017

Service Corp of Retired Executives 530-342-8932

Insurance Assistance

Personalized Site Consultation

Many insurance companies are giving special offers to policyholders affected by the fires, including advance payments for living expenses, 25% of policy limits until claims processing is finished, expedited vehicle claim payouts, lenient inventory itemization, etc. Learn more by calling your insurance agent or visiting the Local Assistance Center.

GO-Biz California Business Investment Services provides free, confidential site location consultation for businesses affected by the fires which are considering relocation.

Residents or business owners with insurance policies.

All businesses.

California Dept. of Insurance insurance. 800-927-4357

GO-Biz California Business Investment Services business.Programs/BusinessInvestment-Services 877-345-4633

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